Major Overview

The backbone behind any company is its financial team. They budget and manage the capital that firms have acquired and invested. As opposed to accounting, finance is the study of managing and manipulating money, in order to fit into the company's budget and prepare for future success.

A major in Finance & Financial Management teaches students how to make logical financial decisions for organizations. They will learn how to plan, manage, and analyze the financial and economic aspect of business. There are a few concentrations within this major; they include Banking and Financial Support Services, Financial Planning and Services, International Finance, Investments and Securities, Public Finance, and Credit Management. While pursuing this major, you will be taking courses in investments, financial management, international finance, accounting and statistics, and financial markets and institutions.

Required Skills

Students should enjoy working with numbers and have an interest in learning about money, as well as stock, bonds, forecasting and budgeting. Interest in financial markets would be ideal. Students will flex their creative skills finding solutions to budgets and finance problems.

To prepare for this major, it is advised to take prior courses in Statistics, Economics, Business, Computer applications, and Calculus. This program is not only offered as a Bachelor's Degree, but students can continue onto higher education and receive a Master's or Doctorate Degree.

Careers

Graduates with a degree in Finance and Financial Management will typically enter into careers as Financial Managers and Analysts. These professionals work in various firms and oversee their financial activates and plan for their present and future success. The job outlook for these professionals is positive. The demand for these occupations is in high, expected to grow 23 percent in the next ten years.

Another path that is possible for graduates is to become Personal Financial Advisors. These professionals work with people to manage their money, both for short and long term. There is a large demand for these Advisors, due to the recent financial crisis and amount of baby boomers retiring.

The Average starting salary for someone with a degree in Finance & Financial Management is $44,855 with a mid-career salary of $81,387.

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Major at a Glance

Top statistics for this major

College Ranking by Major

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Yearly Graduations
 37,856
Average Starting Salary
$44,855
Average Mid-Career Salary
$81,387

Example Careers

Here is a small sample of the careers that a degree in Finance & Financial Management might open up.

Bill and Account Collectors
Budget Analysts
Business Teachers, Postsecondary
Chief Executives
Credit Analysts
Credit Authorizers, Checkers, and Clerks
Credit Counselors
Financial Analysts
Financial Managers
Financial Specialists, All Other
General and Operations Managers
Loan Interviewers and Clerks
Loan Officers
New Accounts Clerks
Personal Financial Advisors
Securities, Commodities, and Financial Services Sales Agents
Tellers
Salary data is estimated by College Factual using 2013 data provided by PayScale.
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